Who We Are

Our Vision:

To be the most innovative and trusted financial solutions partner.

Our Mission:

To help people, organizations and society achieve their aspirations by being their trusted and caring financial solutions partner.

Our Values:

  • We Care
  • We Win
  • We are One Team

About Riyad Bank:

Riyad Bank is one of the largest financial institutions in the Kingdom of Saudi Arabia and the Middle East. Established in 1957, with a paid-up capital of SAR 30 billion. Our professional and dedicated staff base has mainly driven our success throughout the years. With more than 5,900 employees, we take pride of being among the Saudi organizations with the highest national employment rate of 94%.

We provide a comprehensive range of products and services fully compliant with the Islamic Sharia’ to meet the needs of both retail and corporate customers, including small and medium-size enterprises. We play a leading role in various areas of finance and investment around Saudi Arabia, that is why we are distinguished as a leading financier and arranger of syndicated loans in the oil, petrochemicals and most of the Kingdom’s notable infrastructure projects.

We offer innovative and remarkable financing solutions through a network of 341 branches, and more than 53,580 POS, in addition to more than 2,558 ATMs well distributed in strategic & carefully selected locations around the Kingdom. And since global expansion is essential for some of our customers outside the Kingdom, a branch in London and offices in Houston (USA) and Singapore help in supporting the international banking needs of such customers.

Our electronic banking services (web-based and mobile applications) use the latest electronic technologies to address the banking needs of our customers with utmost ease, convenience and security.

Riyad Capital is a leading player in the IPO advisory business and asset management, having won numerous investment awards in Saudi Arabia in categories ranging from “best mutual fund performance” to “best fund manager”.

Financial Performance

Riyad Bank achieved SAR 5,602 million net income for the year ended December 31, 2019 compared to SAR 3,092 million for the same period last year, an increase of 81.2%. Total operating income reached SAR 10,717 million for the year ended December 31, 2019 compared to SAR 8,967 million for the same period last year, an increase of 19.5%.

Financial Strength

Total assets as at December 31, 2019 reached SAR 265,789 million compared to SAR 229,900 million as at December 31, 2018, an increase of 15.6%. Customer deposits are higher by 14.5% to reach SAR 194,518 million as at December 31, 2019, against SAR 169,822 million as at December 31, 2018. Loans and Advances, net are higher by 15.2% and stood at SAR 173,982 million as at December 31, 2019 against SAR 151,025 million as at December 31, 2018.

Risk Rating

The international Fitch Ratings Agency maintained the short-term issuer default rating (IDR) for the Bank at ‘F-2’ and ‘BBB+’ rating is issued for long term IDR.

Capital Intelligence Agency issued the long-term credit rating for the Bank at ‘A+’ whereas ‘A1’ rating is issued for short-term liabilities.

Standard & Poor’s Rating Agency maintained its short-term liability rating for Riyad Bank at ‘A-2’ and long-term liability rating at ‘BBB+’.